US says its firms could deem Chinese business environment 'too risky'

31 August 2023
US says its firms could deem Chinese business environment 'too risky'

Business in China could become "too risky" for US firms without changes to the regulatory environment, Commerce Secretary Gina Raimondo warns as she wrapped up a visit to the world's second-largest economy. Speaking on her fourth day in China and after several rounds of talks with officials as well as with US firms, Raimondo tells a press conference that the country's business environment "has to be predictable, there has to be a level playing field, there has to be due process, there has to be transparency."